On the 4-hour level, the price has experienced a weak rebound after breaking below the lower Bollinger Band, but the MACD dual lines are still operating below the zero axis, indicating that the bearish trend has not changed; the KDJ indicator is approaching the overbought zone, and the rebound momentum is about to be exhausted. In the short term, there is a lack of upward strength and clear resistance above. If the support level below is lost, the probability of further decline will significantly increase.
Operational suggestion: You can layout the K-line in the range of 3410-3445.
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11.6 Morning ETH Analysis:
On the 4-hour level, the price has experienced a weak rebound after breaking below the lower Bollinger Band, but the MACD dual lines are still operating below the zero axis, indicating that the bearish trend has not changed; the KDJ indicator is approaching the overbought zone, and the rebound momentum is about to be exhausted. In the short term, there is a lack of upward strength and clear resistance above. If the support level below is lost, the probability of further decline will significantly increase.
Operational suggestion: You can layout the K-line in the range of 3410-3445.